The patterns suggested to buy the VIX/VXX due to support being at hand on 1/19 (see post here) The VIX increased over 17% in the next couple of days. (see post here) Now the VIX is back at the same support level, AGAIN!
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Game Plan…For very aggressive investors, pick up a small position in the VIX/VXX with a 5% stop. Again, this trade is VERY AGGRESSIVE! I shared last time that I don’t care for some of the poor tracking performance of VXX, yet am willing to own it for short periods of time, with stops.
There’s another funny one: since last summer markets have started a correction every three months, exactly on the day of Cisco results: August 10, November 10, February 10. Maybe just a coincidence…